Staff presents three supplemental budgets per year to the Board. The purpose of the second supplemental budget is primarily to adjust the budgeted fund balance to correspond to the audited amounts. This budget amendment also includes a number of proposed appropriations which are highlighted individually below. In general, additional fund balance is appropriated to reserves for allocation in the Recommended Fiscal Year 2019-2023 capital program.
GENERAL CAPITAL OUTLAY FUND (30205) - $52,802,516 - Additional General Capital Outlay fund balance ($4.1 million) and fund balance transferred from the General Fund ($13.5 million) are appropriated for the following items: replacement of radio consolettes at the courthouse ($181,310); endpoint detection software for network security ($170,000); reclaimed water projects ($100,000); cost increases associated with the Government Center West renovation for Elderly and Veterans Administration ($453,100); and cost increases for the Galt Ocean Mile Library Refresh project programmed to begin construction in the fourth quarter of Fiscal Year 2018 ($66,200). The remaining fund balance is appropriated to reserve for allocation to projects in the Fiscal Year 2019-2023 capital program development process ($16.6 million). Funds transferred from the Broward Redevelopment Capital Program ($11.3 million), along with additional fund balance transferred from the General Fund ($23.7 million), are appropriated to purchase the Shaw property. These funds will be reimbursed from Airport, Port or other funding sources, including potentially proceeds from future bond issuances, based on the final determination on the use of the land. Surplus funds are reallocated from the Emergency Distribution Center/64th Street Warehouse construction project to fund emergency preparation projects and supplies at the Emergency Operations Center (EOC) and the Emergency Distribution Center in preparation for hurricane season ($1,180,000). Fund balance attributable to Fiscal Year 2017 revenues received from leasing CB Smith parking is appropriated for improvements at the park ($164,643). Additional fund balance is transferred from the Target Range fund to help repay a portion of the loan for the lead remediation project ($28,000).
COURTHOUSE CAPITAL PROJECT FUND (35010) - <$122,760> - Budgeted fund balance is reduced and the adjustments are made to the County funded portion of construction.
STREETS AND HIGHWAYS CAPITAL FUND (30105) - $72,841 - Budgeted fund balance is adjusted and the additional funds are appropriated to reserve.
ENGINEERING CAPITAL OUTLAY FUND (30110) - $1,149,918 - Additional fund balance ($708,918) and funds transferred from the Local Option Gas Tax Fund ($441,000) are appropriated to reserve for future capital projects in the Fiscal Year 2019-23 capital program ($1,149,918).
CONSTITUTIONAL GAS TAX PROJECTS FUND (30115) - $1,862,535 - Additional fund balance ($1,240,718) and funds transferred from the Constitutional Gas Tax Fund ($453,000) are appropriated to reserve for allocation in the Fiscal Year 2019-2023 capital program process ($1,333,718). Developer contributions are transferred from the Road Impact Fee Fund to send to FDOT for the construction of the Loxahatchee road project ($168,817). Funds are appropriated to the Pedestrian Safety project to offset for the loss of grant revenue from the federal government ($260,000). A new FDOT Mobility project is established for litter removal, mowing and structural repairs which the county is responsible for completing and is no longer reimbursable by the grant ($100,000).
LIBRARY BOND CAPITAL PROJECTS FUND (35050) - $1,214,455 - Budgeted fund balance is adjusted and additional funds are appropriated to reserve.
PARKS & LAND PRESERVATION BOND FUND (35060) - $192,349 - Additional fund balance is appropriated to reserve to fund a portion of Fiscal Year 2019 bond project management costs.
COMMUNITY REDEVELOPMENT CAPITAL FUND (30210) - $1,203,978 - Budgeted fund balance is adjusted to reflect the audited financial statements. These funds, and other unobligated funds, are transferred to the General Capital Fund to assist with the purchase of the Shaw property ($11,293,978).
TOURIST DEVELOPMENT TAX CAPITAL FUND (35020) - $1,245,699 - Additional fund balance is appropriated to the Convention Center Expansion project ($1,245,699) and funds are transferred out of the Convention Center Expansion reserve into the project for design and professional services in fiscal year 2018 ($1,348,310).
BEACH RENOURISHMENT CAPITAL FUND (35030) - $398,717 - Additional fund balance is appropriated for an increase in costs associated with the mitigation portion of the Segment II beach renourishment project ($333,717) and to reimburse the Pollution Recovery Trust Fund for staff time spent on Beach capital projects during Fiscal Year 2017 ($65,000).
UNINCORPORATED CAPITAL FUND (35040) - $1,330,113 - Additional fund balance is appropriated to a reserve for future unincorporated area capital projects.
BROWARD BOATING IMPROVEMENT FUND (30220) - $75,911 - Budgeted fund balance is adjusted and additional funds are appropriated to reserve for future capital projects.
CONVENTION CENTER PROJECTS FUND (35025) - $0 - Bonds proceeds are re-budgeted to support Fiscal Year 2017 costs and interest expenses associated with the Portside land purchase.
PUBLIC ART AND DESIGN CAPITAL FUND (30231) - $167,176 - Budgeted fund balance is adjusted and additional funds are appropriated to reserve ($100,415) and transferred to the Cultural Affairs Fund to reimburse for cultural staff time spent on enterprise public art projects in prior Fiscal Years.
PARKS IMPACT FEE TRUST FUND (30225) - $220,000 - Budgeted fund balance is adjusted and additional funds are appropriated to reserves for regional projects included in the Adopted Capital Program, a reserve for future Broward Municipal District Services capital projects and a reserve for future administrative charges such as cost allocation.
TRANSIT CAPITAL NON-GRANT FUND (35120) - $10,851,106 - Budgeted fund balance is adjusted and additional funds are appropriated for the County match of competitive grants for the purchase of new and replacement buses ($9,967,778). Revenues from the City of Fort Lauderdale are appropriated to relocate bus stops on Sistrunk Blvd ($15,498). Funds are transferred from the Transit Operating Fund to renovate restrooms at the Copans Road Transit Facility ($867,830).
TRANSIT CAPITAL GRANT FUND (39000) - $394,059 - Additional fuel rebate revenues are appropriated to convert vehicles to use propane fuel for the Paratransit program. Sale of surplus revenues are appropriated for the purchase of additional buses ($65,160) and federal grants are appropriated for buses ($57,337). A reimbursement from the City of Fort Lauderdale is appropriated for a new bus stop on Broward Blvd. ($25,062). |